Condor Energy Limited · ASX:CND
Condor Energy — Investor Presentation (May 2025)
16 slides from Condor Energy's investor presentation, May 6, 2025
Slide 1: Corporate Presentation 2025
ASX: CND • CONDOR ENERGY LIMITED Multibillion Barrel Potential + Trillion Cubic Feet Gas Field; For personal use only Corporate Presentation 2025 High Impact Opportunities in the Tumbes Basin, Peru 1 condor-energy.com.au
Slide 2: Disclaimers & Disclosures
IMPORTANT INFORMATION Disclaimers & Disclosures This presentation has been prepared by Condor Energy Limited, formerly known as Global Oil & Gas COMPETENT PERSON’S STATEMENT Limited (Condor or the Company). This presentation has been prepared as at 10 April 2025 and statements are current only as at
Slide 3: Corporate Snapshot
DIRECTORS Corporate Snapshot CORPORATE OVERVIEW CONDOR OIL & GAS LIMITED ( ASX: CND) Serge Hayon Scott Macmillan Matt Ireland Managing Director Non-Executive Director Non-Executive Chairman 2.7c 701M For personal use only Mr Hayon is an accomplished Reservoir Mr Macmillan is the Managing Director Mr
Slide 4: TEA LXXXVI: High Impact Exploration in a Proven Basin
TEA LXXXVI: High Impact Exploration in a Proven Basin UNDEREXPLORED BASIN WITH SIGNIFICANT OIL PROSPECTS + DISCOVERED GAS FIELD • Substantial footprint covering 4,858 km2 Technical Evaluation Agreement (TEA) with exclusive right to apply for a conventional exploration contract For personal use only
Slide 5: Multi-Billion Barrel Exploration, Undeveloped Gas Resource
Multi-Billion Barrel Exploration Undeveloped Gas Resource • Multiple leads and Prospects being matured: Prospective Resources (Recoverable), OIL# Prospect Area Low (1U) Best (2U) High (3U) GCoS MEAN (MMBO) (MMBO) (MMBO) CONTINGENT (Discovered) GAS RESOURCE# Tumbes TEA Bonito 753 1,007 1,335 1,029 28
Slide 6: Tumbes Basin – Proven Petroleum System
Tumbes Basin – Proven Petroleum System For personal use only • Proven Reservoir: Zorritos Formation is the main target, with high-quality deepwater reservoir potential. • Source Rock: Oil-rich Heath Formation fuels the system, with clear migration pathways into reservoirs. 1) Zorritos Unconformity.
Slide 7: Raya Prospect Area
Raya Prospect Area • The combined structural & stratigraphic trap sealed by the Zorritos Zorritos Unconformity Unconformity covers 46 km2. Shallow water target ~80m water depth. • Sealing Cardalitos shales above the Zorritos Unconformity and intra- formational shale seals within the Zorritos. For pe
Slide 8: Piedra Redonda
Piedra Redonda UNDEVELOPED GAS FIELD - MATERIAL RESOURCE • RISC Advisory (2025) independent gas resource estimate. • 2C Contingent Resources of # 1 trillion cubic feet (Tcf)# • 3C Contingent Resources of # 2.65 trillion cubic feet (Tcf)# Commercialization Description Highlights Options/Concepts For
Slide 9: Condor Opportunity - Highlights
Condor Opportunity - Highlights Large Footprint in Extensive acreage covering 4,858 km2 Technical Evaluation Agreement (TEA) Strategically located Tumbes with exclusive right to apply for a conventional exploration contract. Basin Proven petroleum system surrounded by multiple historic and currently
Slide 10: Upcoming Catalysts
Upcoming Catalysts For personal use only Leads & Convert Resource Secure Discover & Seismic Mapping Prospect License Assessment Partnerships Monetise Inventory Areas 3D Reprocessing Integrated Studies Mature Prospects Quantify Potential Strategic Partners License Areas Drill Campaign New 3D Seismic
Slide 11: Condor Energy Limited contact details
For personal use only ASX: CND • CONDOR ENERGY LIMITED L1, 10 Outram Street, West Perth WA 6005 P (08) 6243 0429 E info@condor-energy.com.au W condor-energy.com.au This presentation was approved for release by the Condor Energy Board ASX: CND • CONDOR ENERGY LIMITED
Slide 12: Tumbes Basin – Depositional system
Tumbes Basin – Depositional system • The Tumbes Basin is a forearc basin west of the Andes, above the subducting Pacific oceanic plate. • 10 km of sedimentary fill with multiple source, seal and reservoir sequences ranging in age from Eocene to Recent. • Primary play interval focused on Zorritos For
Slide 13: Bonito Prospect
Bonito Prospect • Prominent basin centre high with up to 100 km2 of closure located directly above Heath Formation shales at peak oil maturity. • Features stacked Lower Miocene Zorritos reservoirs, with potential pay across several high-quality sand packages. For personal use only • Zorritos Formati
Slide 14: Caballa Prospect
Caballa Prospect A A’ NW Hydrate Play SE BSR BSR • Robust, fault-related trapping geometry identified at the Zorritos and Heath levels, defined by 2D seismic data. Free gas • Deeper Heath level offers stacked potential and is characterised by reduced faulting. Cabella (Zorritos) Zorritos Unc. SW (Fa
Slide 15: Salmon Prospect
Salmon Prospect Zorritos Unconformity Basin Centre Lead A & B Rockfish • Robust structural lead at Zorritos level, with associated amplitude anomalies at shallower levels (Cardalitos & Tumbes). Anchoa S • Located within centre of the basin above Heath Formation source rocks, with structure a focal p
Slide 16: Tiburon Prospect
Tiburon Prospect A A’ • Extensive, stacked, fault-related trapping structures mapped on 2D seismic data. Tiburon (Zorritos) • Deep-water clastic turbidite reservoirs in the Upper Zorritos with Zorritos Unc. secondary potential in Heath Formation sands. Heath • Zorritos structure >100 km2. The Tiburo